FINANCING SCHEME

TERAJU Islamic Working Capital Project Financing (i-WCPF) Programme by Funding Societies

Provider

Funding Societies

Objective

Invoice Financing-i is a broad concept of financing arrangement where it allows companies to finance their early payment on their sales invoices or sales purchases, for goods delivered and/or services completed. This method of financing is ideal for businesses in need of consistent cash flow or cash upfront, especially if the majority of their transactions are on credit terms.

Funding Amount

1. For Receivable

  • Financing up to 80% of invoice value
  • Financing up to RM1,000,000
  • Tenure up to 120 days

2. For Payable

  • Financing up to 100% of invoice value
  • Financing up to RM1,000,000
  • Tenure up to 120 days

Applications Document

Required documents are:

  1. Copy of all Director(s) NRIC/Passport
  2. Latest 6 months bank statements
  3. Latest Audited Accounts & Management Accounts

Remarks: The list of documents above is not exhaustive. Additional documents may be required as part of the application process.

Purpose of Financing

Eligibility

  1. Minimum of 51% Bumiputera shareholding in the company.
  2. Bumiputera status verified by the Ministry of Finance or equivalent  (if applicable).
  3. Chief Executive Officer/ Managing Director/ majority of the company’s top management are Bumiputera.
  4. Companies must be incorporated in Malaysia under the Companies Act 2016.
  5. Not Sole proprietorship companies (Enterprise), conglomerates, Publicly Listed Companies and their subsidiaries, Government-Linked Companies (GLC) and Government-Linked Investment Companies (GLIC) and their subsidiaries, state government-linked companies and their subsidiaries, cooperatives, foundations, associations, and organizations.

Application Procedure

Fill the form to get the application procedure link